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Dec 30, 2012
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>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giv
>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and...
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Oct 2, 2012
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goes over the fiscal cliff. what's a fiscal cliff? it's a huge tax increase, huge tax increases and huge spending cuts that hit at beginning of january. the bush tax cuts would go away, the amc patch would go away, a whole bunch of things would go away, ashleigh, and that's going to look like for your tax bill next year if we go over the fiscal cliff. >> what's the reality? what is the actual chance this is going to hit us all right smack in the wallet? >> well, we hope, we hope that senators are working on this, right, and they know they've got to get this fixed. it would be disastrous, it would cause a recession. >> "new york times" say, eh, they're talking. >> they're starting to talk about what kind of framework, et cetera, et cetera. this is what it looks like. you've got economists surveyed by cnn money who say basically none of them think we'll go over the fiscal cliff. why? because it's so dangerous. 14 of 17 economists surveyed say falling off a fiscal cliff will mean a recession. 12 said the fiscal cliff is the biggest risk
goes over the fiscal cliff. what's a fiscal cliff? it's a huge tax increase, huge tax increases and huge spending cuts that hit at beginning of january. the bush tax cuts would go away, the amc patch would go away, a whole bunch of things would go away, ashleigh, and that's going to look like for your tax bill next year if we go over the fiscal cliff. >> what's the reality? what is the actual chance this is going to hit us all right smack in the wallet? >> well, we hope, we hope...
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Dec 31, 2012
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is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the big issue has been to get over objections from conservative republicans who are not going to be happy with any potential deal. i just spoke with tom harkin who is a democrat being from iowa. and he's also a leading progressive. he said that he and other progressives might be the ones object or to try to stop any potential deal. the reason he says he's so upset is because he does not like the idea that we have been reporting of keeping the tax cuts in place of income levels up to $450,000. he believes that's too high. the president, as we know, campaigned with a lot of democrati
is the big fiscal cliff deadline. there are two fronts we are watching today. capitol hill and wall street. let's see if there's any movement on capitol hill. stock markets moving up because it's a little erratic. dana bash is watching that live for us. dana, last hour you were saying progress is being made. now you've been hearing rumblings on the opposite from the far left. what are you hearing now? >> very interesting. we have been hearing from both sides of the aisle that part of the...
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Dec 23, 2012
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the country teetering on the brink of the fiscal cliff. we'll meet some small business owners who say they're already struggling to stay afloat in this uncertainty could push them over the edge. >>> and an iowa dental assistant fired for being too good-looking. she's sues but does she win. we'll hear from her. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> republicans and democrats have left town for the holidays. if they also leave us to go over the fiscal cliff who will americans blame? cnn's paul stein hauser takes a look at the latest polls. >> hey, miguel. first things first, americans are worried about the tax increases and spending cuts that would kick in if the nation falls off the fiscal cliff at the end of the year. check this out, seven of ten questioned in our cnn/or
the country teetering on the brink of the fiscal cliff. we'll meet some small business owners who say they're already struggling to stay afloat in this uncertainty could push them over the edge. >>> and an iowa dental assistant fired for being too good-looking. she's sues but does she win. we'll hear from her. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion....
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also tonight, say the words with me here, fiscal cliff. no vote yet, no agreement yet. and not a lot of time left. can you say one more day? we're going to start with the secretary of state, hillary clinton, hospitalized with a blood clot. it was discovered today during a follow-up exam. are dids say it is related to a concussion she suffered earlier this month. you'll recall the former first lady was suffering from a omach virus when she fainted. we want to bring in dr. sanjay gupta now. she was just cleared to return to work this week, and now this. >> first of all, there are a couple things that are important. it sounds like she went in for a routine exam, they found a clot, a blood clot, they did not specify where this clot was located. she's hospitalized on blood thinners, anti-coagulants. these are important points. from a medical perspective, first of all, finding this on a routine exam means that she didn't go in for some particular new problem or concern. and the fact that she's on blood thinners, specifically from this really suggests to me -- this is not a bl
also tonight, say the words with me here, fiscal cliff. no vote yet, no agreement yet. and not a lot of time left. can you say one more day? we're going to start with the secretary of state, hillary clinton, hospitalized with a blood clot. it was discovered today during a follow-up exam. are dids say it is related to a concussion she suffered earlier this month. you'll recall the former first lady was suffering from a omach virus when she fainted. we want to bring in dr. sanjay gupta now. she...
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now, let's switch to the fiscal cliff. and what that is going to cost you. without a deal, you'll be paying lots more in tachxes. say you're single and working hard, you don't have kids, you earn $80,000 a year. if it does not go into effect, you'll pay an additional $3,000 more than what you already pay in taxes. the middle class families will get hit harder, two kids, both parents work. together you earn $80,000 a year. guess what, if there is no deal, you would owe $6,000 more in taxes next year. with so many variables, the question is how is wall street reacting? the stock market dipped every day last week. question is, what is next? alison kosik is there for us at the new york stock exchange. alison, business leaders fed up with the lack of progress. but now that they say a deal is in sight, a good thing, how are investors reacting to congress', well, ineffectiveness, let's say. >> exactly. so this is definitely a market day where it is reacting to all these headlines coming out. we saw the market go up a bit when new
now, let's switch to the fiscal cliff. and what that is going to cost you. without a deal, you'll be paying lots more in tachxes. say you're single and working hard, you don't have kids, you earn $80,000 a year. if it does not go into effect, you'll pay an additional $3,000 more than what you already pay in taxes. the middle class families will get hit harder, two kids, both parents work. together you earn $80,000 a year. guess what, if there is no deal, you would owe $6,000 more in taxes next...
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>> no vote tonight on the fiscal cliff. what are the chances of lawmakers cobbling a compromise tomorrow? would real pain start to hit everyone in the form of tax hikes and spending cuts? what other options do lawmakers have as a last resort. steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has really been at the forefront of fighting tax increases across the board. so, you know, sometimes, steven, on tv we talk about grover norquist and a lot of people really don't like him. you think grover has the right idea. you have colleague es in the senate, in the house of representatives. we have talked about this endlessly for many months and we both sort of went into the last few days thinking they'll get a deal, they'll do it. it will increase some tacks on the rich and we'll figure out a number. i think both of us put forward it would be $500,000
>> no vote tonight on the fiscal cliff. what are the chances of lawmakers cobbling a compromise tomorrow? would real pain start to hit everyone in the form of tax hikes and spending cuts? what other options do lawmakers have as a last resort. steven moore joins us from washington. steven is a senior economics writer with "the wall street journal." he writes op-eds. he's involved in the opinion pages. he's also a co-founder of the organization called club for growth, which has...
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the nation inching closer to this fiscal cliff. we could be just hours away from seeing all of our paychecks shrink. we're following all the last minute drama to avoid that, of course. brianna keilar is covering this morning's urgent talks happening in washington. christine romans is here to talk about the impact first, and alison kosik with how investors are reacting this hour. >>> first, another story. the health condition of the nation's top diplomat. this morning secretary of state hillary clinton is waking up now in a new york hospital. she is being treated for a blood clot that formed after her fall and concussion that happened a few weeks ago. want to bring in dr. sanjay gupta, our chief medical correspondent. sanjay, explain this for us because, first of all, when you think about it, she developed this blood clot related to a concussion. you would think maybe the clot formed in the brain, but that's not necessarily the case. >> no, it's not necessarily the case. and i think saying it's related to the concussion, that may be
the nation inching closer to this fiscal cliff. we could be just hours away from seeing all of our paychecks shrink. we're following all the last minute drama to avoid that, of course. brianna keilar is covering this morning's urgent talks happening in washington. christine romans is here to talk about the impact first, and alison kosik with how investors are reacting this hour. >>> first, another story. the health condition of the nation's top diplomat. this morning secretary of state...
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playing it's cards right and for that we need a deal on the fiscal cliff. thank you for joining us on the conversation on "your money." have a great weekend. >>> hello, thank you for joining us. i'm allison cossack, fredericka whitfield is off. president and house speaker john boehner met today at the white house. we're not getting details yet as to how those negotiations went, except to stay that the lines of communications remained open. both sides of the fiscal cliff negotiations are much closer than you may think despite what law makes say publicly. jackie calms of the "new york times" picked up on something that lawmaker tim cole said recently. >> the republicans should just declare victory and taking the 98% of the tax cuts that they agree on and work next year on tax reform and see if they can't get the top rate back down again. it's hard to think that that's not where they're going to end up so why not make it clean instead of ugly. >> i think it's true that many people are saying privatery what tom cole said publicly on the show. but they believe t
playing it's cards right and for that we need a deal on the fiscal cliff. thank you for joining us on the conversation on "your money." have a great weekend. >>> hello, thank you for joining us. i'm allison cossack, fredericka whitfield is off. president and house speaker john boehner met today at the white house. we're not getting details yet as to how those negotiations went, except to stay that the lines of communications remained open. both sides of the fiscal cliff...
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Nov 18, 2012
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. >>> the so-called fiscal cliff just 45 days away. president obama and congress must cut a deal, otherwise, massive tax hikes and spending cuts will kick in january 1st. democrats and republicans seem more in the mood to compromise after a series of meetings. >> i know these challenges won't be easy to solve. but we can do it if we work together. that's why on friday, i sat down with congressional leaders to discuss how we can reduce our deficit in a way that strengthens our economy and protects our middle class. it was a constructive meeting and everyone agreed that while we may have our differences, we need to come together, find solutions, and take action as soon as possible. >> for too long, partisan bickering has paralyzed washington, preventing members of both parties from reaching across the aisle to find common ground. that must stop. washington can't keep ducking the tough decisions. and the fiscal cliff we're headed toward provides an opportunity for both parties to change our country's irresponsible spending path. >> both s
. >>> the so-called fiscal cliff just 45 days away. president obama and congress must cut a deal, otherwise, massive tax hikes and spending cuts will kick in january 1st. democrats and republicans seem more in the mood to compromise after a series of meetings. >> i know these challenges won't be easy to solve. but we can do it if we work together. that's why on friday, i sat down with congressional leaders to discuss how we can reduce our deficit in a way that strengthens our...
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Nov 11, 2012
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from going headlong over the so-called fiscal cliff in the new year. that's when an onslaught of spending cuts and tax hikes are slated to go into effect. cnn's athena jones has more from washington. >> it's time to get back to work. >> reporter: with the election in the rear view mirror, the focus in washington is back on efforts to avoid the economically devastating fiscal cliff. if we just go over the cliff and let the policies stay in effect we're basically going to undo the recovery. neither party really wants to be blamed for that. >> reporter: the cliff amounts to $7 trillion in spending cuts and tax increases over the next decade. the threat of these painful cuts set to begin on january 1st is part of a deal congress and the president made last year to force them to agree on a long-term deficit reduction plan. >> this is an unprecedented scenario that congress has basically put a gun to its own head and said if we don't act, we're going to shoot ourselves. >> reporter: so far that long-term plan hasn't materialized. the biggest chunk of the cli
from going headlong over the so-called fiscal cliff in the new year. that's when an onslaught of spending cuts and tax hikes are slated to go into effect. cnn's athena jones has more from washington. >> it's time to get back to work. >> reporter: with the election in the rear view mirror, the focus in washington is back on efforts to avoid the economically devastating fiscal cliff. if we just go over the cliff and let the policies stay in effect we're basically going to undo the...
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i'm christine romans following fiscal cliff all day and night. ashleigh banfield returning tomorrow. "newsroom with suzanne malveaux" starts right now. >>> welcome back to "cnn newsroom." here's what's going on right now. ♪ >>> 2013 hitting right now in bangkok, thailand. we're looking at live pictures there as the celebrations and the fireworks exploding there. lots of picture-taking and a lot of excitement there. right now pope benedict holding a new year's eve mass at st. peter's basilica. they will celebrate the new year in six hours. a couple of hours ago folks toasted 2013 in new zealand. check it out. >> pretty cool. party started with fireworks with the auckland sky it tower. organizers were worried bad weather would be a problem, but everything turned out just fine. congratulations. the second major city to ring in the new year, sydney, australia. check it out. wow, that is over city harbor bridge. the show is huge. we are talking about seven tons of fireworks. happy new year's all around. >>> of course, we are waiting as well when the
i'm christine romans following fiscal cliff all day and night. ashleigh banfield returning tomorrow. "newsroom with suzanne malveaux" starts right now. >>> welcome back to "cnn newsroom." here's what's going on right now. ♪ >>> 2013 hitting right now in bangkok, thailand. we're looking at live pictures there as the celebrations and the fireworks exploding there. lots of picture-taking and a lot of excitement there. right now pope benedict holding a new...
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. >>> and the looming fiscal cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> if congress and the president can reach a deal on averting the fiscal cliff it may well mean higher taxes for the wealthiest americans. cnn political editor paul steinhauser explains what that means. >> hey, joe. raising taxes on high earning americans is the biggest sticking point between president obama and congressional republicans as they try to hammer out a deal to
. >>> and the looming fiscal cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need...
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he is talking about the fiscal cliff. it's going to be his first public meeting with corporate leaders since being re-elected. now, among those attending the white house meeting general electric ceo american express ceo -- and the ceos of aetna, ford, ibm, proctor & gamble, honeywell, pepsco, and -- many leaders said they are holding back hiring and spending because they're worried about washington gridlock over the fiscal cliff. what are we talking about here? .$7 trillion in tax hikes and spending cuts that's going to take effect next year if sknk and the president don't come up with a budget deal. nearly 90% of all americans will see an increase in taxes mechanics year. the average household will pay about $3,500 more a year in taxes. jennifer granholm is michigan's former governor and now host of current tv's "war the war room." you might remember her rouzing speech at the democratic national convention nominating president obama. it is now to the serious business of governing. jennifer, thank you for being with us. i
he is talking about the fiscal cliff. it's going to be his first public meeting with corporate leaders since being re-elected. now, among those attending the white house meeting general electric ceo american express ceo -- and the ceos of aetna, ford, ibm, proctor & gamble, honeywell, pepsco, and -- many leaders said they are holding back hiring and spending because they're worried about washington gridlock over the fiscal cliff. what are we talking about here? .$7 trillion in tax hikes and...
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three weeks until the fiscal cliff deadline. the man leading the republicans here hits the floor of congress today, to deliver what many americans are hoping will be a major development. so take a look. >> a lot of people know the president and i met on sunday. a nice meeting. cordial. but we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process, the closer our economy gets to the fiscal cliff. >> no news. zip, no agreement still. we'll let you know if something significant happens. >>> developing now, hugo chavez undergoing surgery in cuba today. an operation that we're told was, quote/unquote, delicate. the venezuelan president's current health is a bit of a mystery. we do know he had surgery last year to remove a cancerous tumor. it is not yet clear what kind of operation he had today. updates as we get them. >>> in egy
three weeks until the fiscal cliff deadline. the man leading the republicans here hits the floor of congress today, to deliver what many americans are hoping will be a major development. so take a look. >> a lot of people know the president and i met on sunday. a nice meeting. cordial. but we're still waiting for the white house to identify what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's...
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but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress' facebook wall, do what it takes to communicate a sense of urgency. i'll sign this bill as soon as congress sends it my way. i got to repeat, i've got a pen. i'm ready to sign it. so -- >> the president wants republicans to first agree to keep the middle class tax cuts, and then he wants to move on and tackle the rest of the fiscal cliff problems. do not count on groundswell of republican support. in fact, one republican, congressman tom cob, proposed a similar idea and conservative republicans shot him down. we'll get to that here in a moment. quite a moment today. also p
but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress'...
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before this sort of fiscal cliff scenario plays out. >> yeah, absolutely. and clearly neither side willing to give up any leverage before -- probably before they reach the eleventh hour. but president hour heading to pennsylvania today, he's taking his plan directly to voters. you know, earlier this week the white house encouraged americans to tweet about tax cuts. any sign the strategy's paying off? >> reporter: we haven't seen anything yet, but they do believe that that is a smart strategy. we saw that happen with payroll tax cuts before where they brought americans here to the white house who would be impacted by, you know, $40 less in their paycheck. they did it again this time, bringing middle-class americans here to the white house this week who say that they will be impacted to the tune of $2,200 more a year in taxes. so, they believe that going to the american people, using social media is an effective tool. so far we don't know how that's paid off for them. >> and clearly, a lot of americans wanting to see some sort of a deal so we can move ahead.
before this sort of fiscal cliff scenario plays out. >> yeah, absolutely. and clearly neither side willing to give up any leverage before -- probably before they reach the eleventh hour. but president hour heading to pennsylvania today, he's taking his plan directly to voters. you know, earlier this week the white house encouraged americans to tweet about tax cuts. any sign the strategy's paying off? >> reporter: we haven't seen anything yet, but they do believe that that is a smart...
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. >>> that fiscal cliff. we are at the very edge. senate leaders are working through the weekend trying to reach a deal before the deadline. today president obama called on lawmakers to meet their deadlines and responsibilities and forge a compromise to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in fact, what reporters have seen here, a surprise. house speaker john boehner was here at the capitol. we're still trying to sort out exactly why he was here, but he wasn't here for very long, it seems. he left in the last hour. also, we were able to see some of senator mcconnell's staffers. i was able to speak to one of them coming in and out of these kind of closed-door planning meetings. he said they've been here since 9:00 a.m. they plan to work all day and we may see his boss, senator mcconnell, later today. that shows us kind of where things stand. i wante
. >>> that fiscal cliff. we are at the very edge. senate leaders are working through the weekend trying to reach a deal before the deadline. today president obama called on lawmakers to meet their deadlines and responsibilities and forge a compromise to avoid tax hike and spending cuts from taking effect. lisa desjardins is live on capitol hill. what's going on right now? >> reporter: right now it's all behind closed doors, martin. what we just have learned in the last hour, in...
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it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say look, we're going to go with the mandate the president has. >> all right, we'll see. thanks so much. >> thank you. >> we'll bring you the president's news conference later this afternoon. 1:30 eastern time we think, so tune in to cnn for special coverage with wolf blitzer. that begins at 1:00 eastern. [ female announcer ] introducing yoplait greek 100. 100% new. ♪ 100% greek. 100% mmm... ♪ oh wow, that is mmm... ♪ in fact it's so mmm you might not believe it's a hundred calories. well ok then, new yoplait greek 100. it is so
it's not so much a fiscal cliff. like i said, the payroll tax, it's like a bathtub filling with water that's going to spill over the sides. it's inconvenient, but it will take it a while before it ruins your house. we just had a two-year long campaign about these issues. americans believe by 50% not to mention 55 seats in the senate, that the democrats plan is better and i think probably time for the republican party, yes, barack obama negotiate d a bad deal a year ago, to roll over and say...
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and the fiscal cliff, the realities of the fiscal cliff are coming front and center again because congress and the president have two months to go before they need to get a deal going on that situation. brooke? >> alison kosik, we'll keep a look at the numbers there and check back in with you throughout the next few hours. john king, i want to begin with you, in the election itself, i don't know if you slept a wink last night, if much of the nation probably went to bed watching you, through everything last night, what was the biggest surprise in your opinion? >> the biggest surprise, brooke, over to the magic wall and take a look. the biggest surprise is we'll talk more about this in the hour ahead, we're waiting to see who gets florida's 29 electoral votes. a lot of the talk heading into the election is we were waiting on the morning after, it would be in ohio. it went for the president. another surprise for me, if you look at this map and go back to 2008, i'll switch maps in a minute, these are the two take aways for mitt romney. a closer look in terms of the popular vote. from an electo
and the fiscal cliff, the realities of the fiscal cliff are coming front and center again because congress and the president have two months to go before they need to get a deal going on that situation. brooke? >> alison kosik, we'll keep a look at the numbers there and check back in with you throughout the next few hours. john king, i want to begin with you, in the election itself, i don't know if you slept a wink last night, if much of the nation probably went to bed watching you,...
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. >>> congress faces a so-called fiscal cliff and only 24 days. and it is what house speaker john boehner did not say that is drawing attention tonight. when questioned by reporters yesterday, boehner would not comment on whether there is room for compromise on the president's demand for higher tax rates, on high income americans. boehner and the president spoke by phone this week, but in public comments, appear to have no -- made no progress. >>> same sex couples are finally getting their day in court. this time, the u.s. supreme court. justices have decided to hear two constitutional challenges to federal and state laws. one case involves the federal defense of marriage act, which denies federal benefits to same sex couples legally married in their own state. the other is a challenge to california's prop 8, which took away the right of same sex marriage that had been previously approved by state courts. >>> florida governor charlie crist completed his political transformation. crist was elected governor as a republican in 2006, then later ran fo
. >>> congress faces a so-called fiscal cliff and only 24 days. and it is what house speaker john boehner did not say that is drawing attention tonight. when questioned by reporters yesterday, boehner would not comment on whether there is room for compromise on the president's demand for higher tax rates, on high income americans. boehner and the president spoke by phone this week, but in public comments, appear to have no -- made no progress. >>> same sex couples are finally...
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we may go off the fiscal cliffs. we'll talk to dana later. also house speaker john boehner will hold a press conference live at the top of the hour. >>> across the midwest people are trying to clean up from the first blizzard of the season, blinding snow being blamed for this 30-car pile-up on interstate 35 near ft. dodge, iowa. two people died in this accident. the storm cut power to 20,000 in iowa this morning, a half a foot to a foot of snow has fallen across the midwest. wisconsin has declared a state of emergency and the storm is moving toward ohio, pennsylvania and the northeast and it all comes as holiday travelers begin their journey home for christmas. be careful out there. >>> guns in schools in the wake of the connecticut shooting. more states talk about putting weapons in the classroom. just ahead we'll talk to the superintendent of one school district that already allows its employees to carry guns. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share som
we may go off the fiscal cliffs. we'll talk to dana later. also house speaker john boehner will hold a press conference live at the top of the hour. >>> across the midwest people are trying to clean up from the first blizzard of the season, blinding snow being blamed for this 30-car pile-up on interstate 35 near ft. dodge, iowa. two people died in this accident. the storm cut power to 20,000 in iowa this morning, a half a foot to a foot of snow has fallen across the midwest. wisconsin...
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he is pushing his plan to avoid the fiscal cliff. is he standing firm on raising taxes for the wealthiest americans. want to bring in our chief white house correspondent jessica yell toin give us a breakdown of exactly what he has put on the table here because we know that both sides, they start off strong. they start off with the best offer they got, the strongest offer they got, and clearly, the republicans not quite happy about it. what is he offering? >> it's sort of a starting position from the white house. what secretary geithner laid out when he was visiting capitol hill yesterday was the headline $1.6 trillion in new taxes as part of their overall vision to increase those taxes for people making $250,000 more, but that also includes some changes to how much people can deduct, closing loopholes. increasing taxes for dividends and capital gains and some other things. then some other aspects of the wish list from the president. $50 billion in new stimulus spending next year, and then in return they would find $400 billion in cut
he is pushing his plan to avoid the fiscal cliff. is he standing firm on raising taxes for the wealthiest americans. want to bring in our chief white house correspondent jessica yell toin give us a breakdown of exactly what he has put on the table here because we know that both sides, they start off strong. they start off with the best offer they got, the strongest offer they got, and clearly, the republicans not quite happy about it. what is he offering? >> it's sort of a starting...
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the fight over the fiscal cliff shows no signs of easing. coming up at the top of the hour we're expecting to hear from house speak er john boehner and house republicans, who have been meeting this morning. they're not happy with the negotiations. president obama says no deal will be reached without higher taxes on the wealthy. >> a new twist in the case of internet mogul john mcafee, millionaire on the run from police in belize, who want to question mcafee about the shooting of a man, but say mcafee is not a suspect. >>> typhoon kills 274 people in the philippines. it destroyed homes. it left washed out road, downed power lines and lots of damage. >>> dr. phil's stolen '57 chevy has been found. the chevy belair in los angeles while investigating stolen cars. targeting repair shops and making off with the cars. dr. phil's chevy has minor body damage butto otherwise is in good condition. >>> tradition in south carolina was way too much for one giraffe. it was all caught on camera. ooh, melman the giraffe started shaking and jumping up and dow
the fight over the fiscal cliff shows no signs of easing. coming up at the top of the hour we're expecting to hear from house speak er john boehner and house republicans, who have been meeting this morning. they're not happy with the negotiations. president obama says no deal will be reached without higher taxes on the wealthy. >> a new twist in the case of internet mogul john mcafee, millionaire on the run from police in belize, who want to question mcafee about the shooting of a man,...
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the fiscal cliff isn't a cliff. it is not like the debt ceiling confrontation where terrible things might have happened if the deadline had been missed. he fwoez on this time nothing very bad will happen to the economy if agreement isn't reached until a few weeks or few months in to 20 13 so there is time to bargain. what do you think. >> i don't have a phd in economics and that makes me concerned. there's a problem. one issue which krugman is right about. going off the fiscal cliff does what a lot of people think needs to happen. it spreads pain across a variety of americans. we may dip in to a recession, but heck we sure do solve the debt crisis, don't we? that said it is pretty easy to be cavalier and say it is no big deal. how do you feel if the dow goes down 2 thourk points in the interim or one of the people that loses a job because your company is freaking out over this debate going on and on and on. i don't think it is fair to say it is no big deal. it is a big deal. is it the end of the world? no. nothing i
the fiscal cliff isn't a cliff. it is not like the debt ceiling confrontation where terrible things might have happened if the deadline had been missed. he fwoez on this time nothing very bad will happen to the economy if agreement isn't reached until a few weeks or few months in to 20 13 so there is time to bargain. what do you think. >> i don't have a phd in economics and that makes me concerned. there's a problem. one issue which krugman is right about. going off the fiscal cliff does...
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what's next for the fiscal cliff debate? republicans are furious and president obama drawing a red line over middle class taxes. want to bring in steven moore with "the wall street journal." so, hello, sir. >> hi. >> let me show you, here is his new book on taxes and wealth in america. you wrote an opinion piece, steven, saying democrats only want one thing, higher taxes. you say democrats probably won't offer any serious spending cuts. why do you think that? there's no compromise in sight here? >> i just don't see it. you know, don, i was thinking a couple of weeks ago they would certainly reach an agreement, we wouldn't fall off the fiscal cliff, that people's taxes wouldn't go up in january. but now i'm not so certain about that. as you look at the negotiations so far and, look, my sources are on the republican side of the aisle, but what they're saying to me is this president doesn't want to deal from us, he want a surrender from us. so far what has been offered as jessica said has really been, you know, poison to the re
what's next for the fiscal cliff debate? republicans are furious and president obama drawing a red line over middle class taxes. want to bring in steven moore with "the wall street journal." so, hello, sir. >> hi. >> let me show you, here is his new book on taxes and wealth in america. you wrote an opinion piece, steven, saying democrats only want one thing, higher taxes. you say democrats probably won't offer any serious spending cuts. why do you think that? there's no...
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the fiscal cliff is still there. the u.s. still needs to sort out the dramatic and deafening deficit and if it doesn't, the market will reap its advantage. >> what are do you think of the comments about warren buffett and he said america is aaa in theoryy aaa in omaha? is he right? >> of course he is. look at the manufacturing numbers and the way in which the economy is creating jobs. all right, the latest numbers are not as good as they would like, but they were better and they showed a trend. the u.s. most definitely has picked up speed and not as fast as people would like, but better than on my side of the atlantic. >> what are is the real indicator for how our economy is doing? >> as well as can be expected bearing in mind the awfulness elsewhere. that's really the classic definition of faint praise, if you like. you know the old school report, could do better with a bit of hard work. that seems to be the sort of thing we are talking about. the real risk comes after the fiscal cliff. if the u.s. does not at some point dea
the fiscal cliff is still there. the u.s. still needs to sort out the dramatic and deafening deficit and if it doesn't, the market will reap its advantage. >> what are do you think of the comments about warren buffett and he said america is aaa in theoryy aaa in omaha? is he right? >> of course he is. look at the manufacturing numbers and the way in which the economy is creating jobs. all right, the latest numbers are not as good as they would like, but they were better and they...
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the fiscal cliff, taxes. if tess all about taxes on the rich and not tax reform we're going to have problems. >> carol, that's not what i said. the fundamental issue is not how can you not agree. if we recall all of the debates that took place when it came to the house republicans, they didn't want to agree on anything. there was no desire. remember that moment during the republican debates when the question was asked if you could get 10 cuts for even one revenue increase, how many of you will go along with that? nobody raised their hand. that's how the house republicans act. the president and the democrats have offered some concessions. you've got to have somebody across the table who wants to go along with it. if you're in a marriage, it can't be a one-way street. you've got to have two people. >> during the campaign president obama made it very clear that he wants to raise taxes on the wealthiest americans in this country. i don't think he's going to back off on that. >> no. lo look, see, so my goal here i
the fiscal cliff, taxes. if tess all about taxes on the rich and not tax reform we're going to have problems. >> carol, that's not what i said. the fundamental issue is not how can you not agree. if we recall all of the debates that took place when it came to the house republicans, they didn't want to agree on anything. there was no desire. remember that moment during the republican debates when the question was asked if you could get 10 cuts for even one revenue increase, how many of you...
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. >>> less than a month left until we hit the fiscal cliff. i know you probably hate hearing about it but it's coming and 29 days away now. this weekend both sides were counting how many ways they disagreed. >> we proposed a balanced mix. and look at it together. it's roughly 2 to 1, spending cuts to tax increases much we have been very detailed about the spending side. we proposed $600 billion cuts over 10 years. now, republicans are -- we don't expect them to like all the proposals but lay out what we believe and then ask them to come become and tell us what they prefer to do. >> i would say we're nowhere. period. we're nowhere. we've put a serious offer on the table by putting revenues up there to try to get the question resolved but the white house is responded with virtually nothing. >> so the speaker actually went on to say that the republicans are flabbergasted over that initial offer from the democrats. so is it just about the taxes for the wealthy versus the spending cuts? one gop leader has another take. >> i think we're going over t
. >>> less than a month left until we hit the fiscal cliff. i know you probably hate hearing about it but it's coming and 29 days away now. this weekend both sides were counting how many ways they disagreed. >> we proposed a balanced mix. and look at it together. it's roughly 2 to 1, spending cuts to tax increases much we have been very detailed about the spending side. we proposed $600 billion cuts over 10 years. now, republicans are -- we don't expect them to like all the...
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the guns, the fiscal cliff. this is a critical moment in u.s. history right now. let's see if it goes forward in the right or wrong way. >> candy, i want to bring you into the discussion, because na struck me as well, the fact he almost was really if you will suggesting that republicans are playing politics with all of this with the fiscal cliff, and that it really is all about him, taking him out of the equation. it's not common that you have the president there holding a full-blown press conference 13 days outside of this deadline here. it seems like there definitely was a political tactic, if you will, on his part to come out and take questions and to lay his case, make his case before the american people directly. >> sure. i mean, you know, the interesting thing here, of course, is one man's policy is another person's politics. so i can assure you you will hear republicans going, wait a second. we're trying to do what's best for the country, too, in terms of the fiscal cliff. obviously as president you command that pullbully pulpit o guns and the fiscal cliff.
the guns, the fiscal cliff. this is a critical moment in u.s. history right now. let's see if it goes forward in the right or wrong way. >> candy, i want to bring you into the discussion, because na struck me as well, the fact he almost was really if you will suggesting that republicans are playing politics with all of this with the fiscal cliff, and that it really is all about him, taking him out of the equation. it's not common that you have the president there holding a full-blown...
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we'll have a live report from hawaii and the latest on the fiscal cliff talks a few minutes as well. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that is a class action settlement amount they agreed to pay, about 100,000 businesses and individuals hurt by the biggest oil spill in american history. a federal judge formized the settlement yesterday. a lot of gulf coast residents opted out of the class action suit and are pursuing lawsuits on their own. >>> in egypt today, more effects of a brand-new government's growing pains. the vice president is out. he is stepping down there. this man, mahmud mechanicy announced political life does not agree with him, and he'll go back to being a judge. it's the same day the egyptian people are voting for a second straight weekend on proposed changes to the country new islamist backed constitution. egypt's new president gave himself near absolute power. >>> a former u.s. marine who spent four months in a mexican prison is free today. jon hammer was locked up in august on weapons charges. his family says he was physical
we'll have a live report from hawaii and the latest on the fiscal cliff talks a few minutes as well. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that is a class action settlement amount they agreed to pay, about 100,000 businesses and individuals hurt by the biggest oil spill in american history. a federal judge formized the settlement yesterday. a lot of gulf coast residents opted out of the class action suit and are pursuing lawsuits on their own....
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but, again, part of it was the fiscal cliff. here he is, john boehner. >> republicans continue to work toward avoiding the fiscal cliff. the president's offer of $1.3 trillion in revenues and $850 billion in spending reductions fails to meet the test that the president promised the american people a balanced approach. and i hope that president will get serious soon about providing and working with us on a balanced approach. tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on senate and democrats to pass that bill, or he can be responsible for the largest tax increase in american history. >> that was, forgive my surprise, that was short and sweet. john boehner basically saying what dana bash had predicted, that the speaker of the house would come out and say that the president's offer was not at all a balanced approach. let me look over at my notes. john boehner said he hopes the president ge
but, again, part of it was the fiscal cliff. here he is, john boehner. >> republicans continue to work toward avoiding the fiscal cliff. the president's offer of $1.3 trillion in revenues and $850 billion in spending reductions fails to meet the test that the president promised the american people a balanced approach. and i hope that president will get serious soon about providing and working with us on a balanced approach. tomorrow the house will pass legislation to make permanent tax...
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could plunge off the fiscal cliff. this morning at least one republican is saying it's looking more like that's going to happen. after the plan laid out by the white house. >>> and she helped care for more than 140 children whose parents are behind bars in nepal. now she's got a new title. cnn hero of the year. cnn hero of the year. "newsroom" starting now. -- captions by vitac -- www.vitac.com >>> good morning. thank you so much for joining me. i'm carol costello. concern this morning that a young woman's death will be overshadowed by fame. by now, even if you're not a football fan, you know the name jovan belcher. you know he killed the mother of his child and then committed suicide. but what do we know about his girlfriend? his partner? the mother of his child, kasandra perkins? according to the kansas city star perkins and belcher were madly in love but argued of late. the star added many people knew that belcher owned guns and enjoyed shooting but they'd never known him to be violent. not even close. nbc's bob cos
could plunge off the fiscal cliff. this morning at least one republican is saying it's looking more like that's going to happen. after the plan laid out by the white house. >>> and she helped care for more than 140 children whose parents are behind bars in nepal. now she's got a new title. cnn hero of the year. cnn hero of the year. "newsroom" starting now. -- captions by vitac -- www.vitac.com >>> good morning. thank you so much for joining me. i'm carol costello....
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ifnd when the fiscal cliff goes away. i was talking to alison kosik and she was reporting new numbers when it comes to the housing market. july home sales up 2.3% which makes me think that is good news. perhaps we're shifting psychologically. why is that and have we already hit the bottom? >> i think we're in a bottoming process. it depends on where you are. here is what we know. from 2000 to 2006 home prices doubled. that's not normal. that's a bubble and it crashed in a big way. prices down nationally. i know these poor people in la vegas and phoenix saying a lot more than 35% here. we're seeing signs of activity in the existing and home mortgage markets. people are coming back into the market. it will be a slow recovery. i promise you if we go into a recession there will be housing market hits >> wt about jobs? >> we've created 3.8 million jobs since the low point in the job market, beginning of 2010. bad news, we still have five million fewer jobs from brve the recessi before the recession started. this was not just y
ifnd when the fiscal cliff goes away. i was talking to alison kosik and she was reporting new numbers when it comes to the housing market. july home sales up 2.3% which makes me think that is good news. perhaps we're shifting psychologically. why is that and have we already hit the bottom? >> i think we're in a bottoming process. it depends on where you are. here is what we know. from 2000 to 2006 home prices doubled. that's not normal. that's a bubble and it crashed in a big way. prices...
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first, of course, talks over the fiscal cliff. they are going nowhere fast. democrats, they're basically telling republicans, hey, ball's in your court. we'll take you live to the white house for that. also, as the city grieves over an nfl player's tragic breaking point, new debates today about gun control and domestic violence. you'll hear both. but first, the u.s. has long believed syria has a huge stockpile of chemical weapons. now new concerns that chemical arsenal is on the move. secretary of state hillary clinton today issuing another stern warning against syria, using these weapons. the syrian foreign ministry quick to respond here saying it would not use chemical weapons against its people if it had any, but this announcement as turkey is sending warplanes to its border with syria after the syrian military bombed a nearby town of ras al-ain. you can hear that and see the smoke. this is the turkish side of the border. this is fueling more fears that more of syria's violence will spill into its neighbor to the north, being turkey. security concerns are
first, of course, talks over the fiscal cliff. they are going nowhere fast. democrats, they're basically telling republicans, hey, ball's in your court. we'll take you live to the white house for that. also, as the city grieves over an nfl player's tragic breaking point, new debates today about gun control and domestic violence. you'll hear both. but first, the u.s. has long believed syria has a huge stockpile of chemical weapons. now new concerns that chemical arsenal is on the move. secretary...
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we know the stocks are down, fiscal cliff. talk about what we think that means for us if we end up going over the fiscal cliff and you're looking at a lot of tax hikes as well as spending cuts. >> yeah. you have to believe if we go over the cliff that some sort of deal will happen up. if not within the first couple days of year, maybe the first couple weeks. what may happen is an impact right away to your paychecks in the early weeks of the new year. here is an idea of what we're in for anyway. we're going to see a lot of tax changes. payroll tax holiday. that would expire, and that means that the amount taken out of your paycheck would go from 4.2% to 6.2%, so that means if you're making $50,000 a year, it means $83 a month comes out of your paycheck. over the cliff it means you have a delay in tax refunds for the 2012 returns and that's because there's yet to be a decision made. also at stake, spending cuts. that can impact jobs. there will be big cuts to defense. that could put about 300,000 jobs at risk. unemployment benef
we know the stocks are down, fiscal cliff. talk about what we think that means for us if we end up going over the fiscal cliff and you're looking at a lot of tax hikes as well as spending cuts. >> yeah. you have to believe if we go over the cliff that some sort of deal will happen up. if not within the first couple days of year, maybe the first couple weeks. what may happen is an impact right away to your paychecks in the early weeks of the new year. here is an idea of what we're in for...
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he also, of course, has to deal with the fiscal cliff. jill dougherty is at the white house to talk about this. we've already seen house speaker boehner. he's talked a little bit about reaching out to the president. he's going to be addressing this very much, the spending cuts, the tax hikes that automatically take into effect if congress doesn't essentially come up with another plan by the new year. he's going to talk about it at 3:30. do we have a sense if the president has a plan to reach out to boehner or even senator minority leader mitch mcconnell? >> yeah, they have to. both sides have to reach out to each other because after all, now that the dust has settled, we're really back to the same quandary that we had before which is how are they going to resolve this before the cliff comes at the end of the year? and, of course, the president wants both elements, tax increases and spending cuts. for a long time there has been resistance from the republican side for those tax increases. but ultimately, the question is and some believe tha
he also, of course, has to deal with the fiscal cliff. jill dougherty is at the white house to talk about this. we've already seen house speaker boehner. he's talked a little bit about reaching out to the president. he's going to be addressing this very much, the spending cuts, the tax hikes that automatically take into effect if congress doesn't essentially come up with another plan by the new year. he's going to talk about it at 3:30. do we have a sense if the president has a plan to reach...